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All Forum Posts by: Lloyd Spencer

Lloyd Spencer has started 17 posts and replied 42 times.

Buying & Selling Real Estate

Post: What Is Your Highest Rent On A Single Unit?

Lloyd SpencerPosted
  • Investor
  • New York City, NY
  • Posts 43
  • Votes 14

$4500, 1 brm in midtown NY.  But I'm thinking of selling it because the yield is too low...

0 Votes
Buying & Selling Real Estate

Post: NYC 1031 exchange for more yield?

Lloyd SpencerPosted
  • Investor
  • New York City, NY
  • Posts 43
  • Votes 14

I own several investment units in midtown NYC. They have been a great investment over 10 to 15 years, but at current market, the yield is around 2%.

I'm considering selling one to buy multi family in the NYC area at around 6 to 8% yield.

It seems like the right cashflow decision, but emotionally it feels like selling the crown jewels. Any views or advice?

Thanks in advance!

0 Votes